SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB
(Mark One)

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

For the Fiscal Year Ended December 31, 2003

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

Commission File No. 0-27609

                         MONET ENTERTAINMENT GROUP, LTD.
                 ----------------------------------------------
                 (Name of Small Business Issuer in its charter)

           Colorado                                          84-1391993
   ------------------------                             -------------------
   (State of incorporation)                                (IRS Employer
                                                         Identification No.)

    222 Milwaukee Street, Suite 304
           Denver, Colorado                                         80206
---------------------------------------                            --------
(Address of Principal Executive Office)                            Zip Code

Registrant's telephone number, including Area Code: (303) 329-3479 Securities
registered pursuant to Section 12(b) of the Act: None Securities registered
pursuant to Section 12(g) of the Act:

                                  Common Stock
                                (Title of Class)

Check whether the Registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the Registrant was required to file such
reports) and (2) has been subject to such filing requirements for the past 90
days.
                                 YES [X] NO [ ]

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of the Registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [X]

The Company's revenues for the most recent fiscal year were $2,128
                                                            ------

The aggregate market value of the voting stock held by non-affiliates of the
Company on March 26, 2004, was $0.00.

As of March 26, 2004 the Company had 5,000,000 issued and outstanding shares of
common stock.


<PAGE>

ITEM 1. DESCRIPTION OF BUSINESS

Monet Entertainment Group, Ltd., (the "Company") was formed in 1996 in order to
finance the production of low budget feature length motion pictures and a
variety of other entertainment projects including documentaries, video
recordings and musical recordings. Many small independent producers are
financially unsophisticated and have little experience in raising the capital
required to produce their projects. As a result, the Company believes that there
is an opportunity to provide financing for projects which have a production
budget of between $50,000 and $1,000,000. The Company is of the opinion that
there is virtually no organized competition for financing of this nature.

The financing to be provided by the Company will typically be in the form of one
or more of the following:

         1. Direct loans

         2. Equity participations

         3. Project completion bonds

In the case of direct loans, the interest rate will normally be five to seven
percentage points above the then prevailing prime lending rate, plus an
origination fee which will normally not exceed 3% of the amount of the loan. The
loans will generally have a maturity of two years or less. Direct loans will be
secured by the specific project being financed, the personal guarantees of the
producer and/or others involved in the project and in some cases by other
collateral.

Equity participation will involve an investment in the entertainment project in
return for a percentage of any profits earned from the commercial exploitation
of the project.

A completion bond will be the financial guaranty of the Company to complete
production of the project in the event that the production exceeds its budget
and additional capital is unavailable. The Company plans to reinsure any bonds
which its issues with insurers of sufficient financial resources such that the
Company will never be fully at risk for any capital which may be required if the
Company is called upon to pay the bond. In the alternative, the production
entity may be asked to pledge sufficient collateral to cover the bonded guaranty
such that the Company will be fully covered in the event there is any call on
the bond. The Company believes that its proposed completion bond program will
assist small independent producers in obtaining financing for their projects and
will be unique in the industry. The Company will charge the producer receiving
the bond a fee, which will normally be in the range of 3% to 5% of the amount of
the bond, for providing the completion bond.

In addition to direct funding from the Company or a Company sponsored joint
venture, the Company also plans to provide small independent producers with
assistance in raising financing for entertainment projects with production
budgets in the range of $50,000 to $1,000,000. The Company intends to introduce
independent producers to persons willing to fund entertainment projects and
prepare, or supervise the preparation of, all documentation required to obtain
such financing.

The Company may also assist small independent producers in the distribution of
low budget motion pictures. In addition to standard theatrical release, other
distribution channels which the Company will pursue include video cassette,
video disc, DVD technology, airline syndication and foreign television
syndication. Depending upon the nature and commercial appeal of the project, the
Company may also license the sound track to a motion picture and the rights to
market merchandise based upon the film. If the Company can obtain distribution
agreements for a motion picture and/or licensing agreements pertaining to the
commercial exploitation of ancillary rights to the film, the Company is of the
opinion that obtaining production financing will be less difficult.

In 1996 Stephen Replin, an officer, director and principal shareholder of the
Company, purchased a 25% interest in a feature-length motion picture (then in
production) for $25,000. In 1996 Mr. Replin conveyed a 5% interest in the film
(20% of Mr. Replin's interest) to the Company in exchange for 2,295,000 shares
of the Company's common stock. The film in which the Company has a 5% interest
was completed in 1998 and its producer is presently attempting to sell the film
to a distributor. If a sale is completed it is not expected that the Company or
the other owners of the film will retain any rights in the profits, if any,
resulting from the distribution of the film.

At the present time, the Company is in the development stage and has not earned
any revenues from its proposed operations. The Company had revenue of $6,174
from providing financial consulting services to a variety of individuals.

Before the Company can begin operations, the Company will need to raise at least
$250,000 so that the Company will be in a position to begin funding
entertainment projects and/or issuing completion bonds. The Company will
attemptto raise this capital through:

         1.       The private sale of its debt and/or equity securities.

         2.       Borrowings from private lenders.

         3.       Joint ventures which will be formed by the Company and third
                  parties for the purpose of funding one or more entertainment
                  projects.

The Company does not have any commitments from any person to provide any capital
to either the Company or to any producer of motion pictures or other form of
entertainment. The Company does not have any agreements with any motion picture
producer or producer of other forms of entertainment to finance the production
of any entertainment project. There can be no assurance that the Company will be
successful in terms of raising any capital, funding any entertainment projects,
or earning any profits.

EMPLOYEES AND OFFICES

As of March 26, 2004, the Company did not have any full time employees.

ITEM 2. DESCRIPTION OF PROPERTIES

The Company's offices are located at 222 Milwaukee St., Suite 304, Denver, CO
80206 and its telephone number is (303) 329-3479.

ITEM 3. LEGAL PROCEEDINGS.

The Company is not party to any pending legal proceeding nor is any of its
property the subject of any pending legal proceeding. The Company is not aware
of any proceeding that a governmental authority is contemplating.


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

         Not Applicable

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

As of March 26, 2004, there were approximately 1,300 beneficial owners of the
Company's common stock. The Company's common stock has a trading symbol of MNEG
and is listed on the NASD Over-The Counter Bulletin Board Market. There has been
no reported bids or offers and no trades have been made.

COMMON STOCK

The Company is authorized to issue 25,000,000 shares of common stock (the
"Common Stock"). Holders of Common Stock are entitled to cast one vote for each
share held of record of all matters presented to shareholders. Cumulative voting
is not allowed, which allows the holders of a majority of the outstanding Common
Stock to elect all directors.

Holders of Common Stock are entitled to receive such dividends as may be
declared by the Board of Directors out of funds legally available for the
payment of dividends and, in the event of liquidation, to share pro rata in any
distribution of the Company's assets after payment of liabilities. The Company
has never declared a dividend and it is not anticipated that dividends will be
paid in the foreseeable future.

Holders of Common Stock do not have preemptive rights to subscribe to additional
shares issued by the Company. All of the outstanding shares of Common Stock are
fully paid and non-assessable.

PREFERRED STOCK

The Company is authorized to issue up to 25,000,000 shares of preferred stock.
The Company's Articles of Incorporation provide that the Board of Directors has
the authority to issue the Preferred Stock from time to time, with such
designations, preferences, conversion rights, cumulative, relative,
participating, optional or other rights, qualifications, limitations, or
restrictions thereof as they determine, within the limitations provided by
Colorado statute.

EQUITY COMPENSATION PLAN INFORMATION

The Company does not have any equity compensation plans in effect.


ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

PLAN OF OPERATION

Monet Entertainment Group, Ltd., (the "Company") was formed in 1996 in order to
finance the production of low budget feature length motion pictures and a
variety of other entertainment projects including documentaries, video
recordings and musical recordings. Many small independent producers are
financially unsophisticated and have little experience in raising the capital
required to produce their projects. As a result, the Company believes that there
is an opportunity to provide financing for projects which have a production
budget of between $50,000 and $1,000,000. The Company is of the opinion that
there is virtually no organized competition for financing of this nature.


The financing to be provided by the Company will typically be in the form of one
or more of the following:

     1. Direct loans

     2. Equity participations

     3. Project completion bonds

In addition to direct funding from the Company or a Company sponsored joint
venture, the Company also plans to provide small independent producers with
assistance in raising financing for entertainment projects with production
budgets in the range of $50,000 to $1,000,000. The Company intends to introduce
independent producers to persons willing to fund entertainment projects and
prepare, or supervise the preparation of, all documentation required to obtain
such financing.

Before the Company can begin operations, the Company will need to raise at least
$250,000 so that the Company will be in a position to begin funding
entertainment projects and/or issuing completion bonds. The Company will attempt
to raise this capital through:

     1.   The private sale of its debt and/or equity securities.

     2.   Borrowings from private lenders.

     3.   Joint ventures which will be formed by the Company and third parties
          for the purpose of funding one or more entertainment projects.

The Company does not have any commitments from any person to provide any capital
to either the Company or to any producer of motion pictures or other form of
entertainment. The Company does not have any agreements with any motion picture
producer or producer of other forms of entertainment to finance the production
of any entertainment project. There can be no assurance that the Company will be
successful in terms of raising any capital, funding any entertainment projects,
or earning any profits.


Miscellaneous Income

During the fiscal year ended December 31, 2003, the Company earned consulting
fees of $2,051 regarding finance otherwise unrelated to its principal business
purpose. The Company anticipates additional consulting work. However it cannot
estimate the frequency or amount of revenue from such consulting fees.


Controls and procedures

The Company maintains disclosure controls and procedures that are designed to
ensure that information required to be disclosed in the Company's Exchange Act
reports is recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms, and that such information is accumulated
and communicated to the Company's management, including its Chief Executive
Officer and Chief Financial Officer, as appropriate, to allow timely decisions
regarding required disclosure based closely on the definition of "disclosure
controls and procedures" in Rule 13a-14(c). The Company's disclosure controls
and procedures are designed to provide a reasonable level of assurance of
reaching the Company's desired disclosure control objectives. In designing and
evaluating the disclosure controls and procedures, management recognized that
any controls and procedures, no matter how well designed and operated, can
provide only reasonable assurance of achieving the desired control objectives,
and management necessarily was required to apply its judgment in evaluating the
cost-benefit relationship of possible controls and procedures. The Company's
certifying officer has concluded that the Company's disclosure controls and
procedures are effective in reaching that level of assurance.

As of the end of the period of this report, the Company carried out an
evaluation, under the supervision and with the participation of the Company's
management, including the Company's Chief Executive Officer and the Company's
Chief Financial Officer, of the effectiveness of the design and operation of the
Company's disclosure controls and procedures. Based on the foregoing, the
Company's Chief Executive Officer and Chief Financial Officer concluded that the
Company's disclosure controls and procedures were effective.

There have been no significant changes in the Company's internal controls or in
other factors that could significantly affect the internal controls subsequent
to the date the Company completed its evaluation.




<PAGE>



ITEM 7. FINANCIAL STATEMENTS

                              Story & Company, P.C.
                          Certified Public Accountants





               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS




To the Board of Directors
Monet Entertainment Group, Ltd.

We have audited the accompanying balance sheets of the Monet Entertainment
Group, Ltd. (a Development Stage Enterprise) as of December 31, 2002 and 2003
and the related statements of income, stockholders' equity, and cash flows for
the two years then ended. These financial statements are the responsibility of
management. Our responsibility is to express an opinion on these financial
statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance as to whether the balance sheet
is free of material misstatements. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall balance sheet
presentation. We believe that our audit of the financial statements provides a
reasonable basis for our opinion.
..
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Monet Entertainment Group, Ltd.
(a Development Stage Enterprise) as of December 31, 2002 and 2003, and the
results of its operations and its cash flows for the two years then ended in
conformity with accounting principles generally accepted in the United States of
America.






Story and Company, P.C.
Certified Public Accountants
February 11, 2004
Denver, Colorado


<TABLE>
<CAPTION>


Monet Entertainment Group, Ltd.
(A Development Stage Enterprise)



Balance Sheet at December 31                                         2003      2002
                                                                   -------    -------
Assets
<S>                                                                <C>        <C>
       Cash                                                        $ 9,000    $ 8,179

       Investments
           Energy Acquisition Group, Common Stock                      115        115
           Interest in Motion Picture                                           5,000


                                                                   -------    -------
Total Assets                                                       $ 9,115    $13,294
                                                                   =======    =======


Liabilities

       Note Payable                                                  4,510
       Accrued Expenses & Income Taxes Payable                                  1,207
                                                                   -------    -------
       Total Liabilities                                             4,510      1,207
                                                                   -------    -------

Shareholders' Equity

       Common stock, no par value, 25,000,000 shares authorized,
            of which 5,000,000  are outstanding                      9,919      9,919

       Preferred stock, no par value, 25,000,000 authorized,
            none outstanding

       Retained Earnings (Deficit) in Development Stage             (5,314)     2,168
                                                                   -------    -------
       Total Shareholders' Equity                                    4,605     12,087
                                                                   -------    -------

Total Liabilities and Shareholders' Equity                         $ 9,115    $13,294
                                                                   =======    =======

</TABLE>




    The accompanying notes are an integral part of these financial statements


                                        2
<PAGE>

Monet Entertainment Group, Ltd.
(A Development Stage Enterprise)

Statement of Income and Retained Earnings
Years Ended December 31, 2002 and 2003


                                                             2003        2002
                                                           -------     --------
Income
     Miscellaneous  Fees                                    $ 2,051      $ 6,174
     Interest Income                                            77           44

                                                           -------      -------
Total Income                                                 2,128        6,218

Expenses                                                     4,610            0

                                                           -------      -------
Net Operating Income Before Taxes                           (2,482)       6,218

Extraordinary Loss                                          (5,000)

Income Tax Expense                                                        1,207

                                                           -------      -------
Net Income(Loss)                                            (7,482)       5,011

Retained Earnings(Deficiency) - Beginning                    2,168       (2,843)


                                                           -------      -------
Retained Earnings(Deficiency) - Ending                     ($5,314)     $ 2,168
                                                           =======      =======

Earnings (Loss) Per Share (5,000,000 outstanding)        ($0.00149)    $0.00100



    The accompanying notes are an integral part of these financial statements

                                       3

<PAGE>

Monet Entertainment Group, Ltd.
(A Development Stage Enterprise)

Statement of  Cash Flows
Years Ended December 31, 2002 and 2003


                                                                2003      2002
                                                              -------   --------
Cash Flows From Operating Activities

              Cash Received from Customers                    $ 2,051    $ 6,174
              Interest Income Received                             77         44

              Cash Paid for Professional Services              (3,370)
              Cash Paid to Taxing Authorities                  (1,207)
              Other Cash Payments                                (100)


                                                              -------    -------
              Net Cash Provided by  Operating Activities       (2,549)     6,218
                                                              -------    -------


Cash Flows From Investing  Activities

                                                              -------    -------
              Net Cash Provided by  Investing  Activities           0          0
                                                              -------    -------


Cash Flows From Financing Activities

              Issuance of Capital Stock                             0          0
              Borrowings During Period                          3,370

                                                              -------    -------
              Net Cash Provided by Financing Activities         3,370          0
                                                              -------    -------

Net Increase (Decrease) in Cash                                   821      6,218

Cash, Beginning of Period                                       8,179      1,961

                                                              -------    -------
Cash, End of Period                                           $ 9,000    $ 8,179
                                                              =======    =======





    The Accompanying notes are an integral part of these financial statements

                                        4
<PAGE>

Monet Entertainment Group, Ltd.
(A Development Stage Enterprise)

Statement of  Stockholders Equity
Inception (September 20, 1996) through December 31, 2002 and Year Ended
December 31, 2003
<TABLE>
<CAPTION>
                                                                 Share-
                                                                Holders       Shares            Price
                                                                Equity      Outstanding       Per Share
                                                             ------------------------------------------
<S>                                                               <C>         <C>             <C>
Issued and Outstanding at December 31, 1996                       $9,919      5,000,000       $0.00198

        Change During Year Ended December 31, 1997                -0-         -0-                  -0-

Issued and Outstanding at December 31, 1997                       $9,919      5,000,000        0.00198

        Change During Year Ended December 31, 1998                -0-         -0-                  -0-

Issued and Outstanding at December 31, 1998                       $9,919      5,000,000        0.00198

        Change During Year Ended December 31, 1999                -0-         -0-                  -0-

Issued and Outstanding at December 31, 1999                       $9,919      5,000,000        0.00198

        Change During Year Ended December 31, 2000                -0-         -0-                  -0-

Issued and Outstanding at December 31, 2000                       $9,919      5,000,000        0.00198

        Change During Year Ended December 31, 2001                -0-         -0-                  -0-

Issued and Outstanding at December 31, 2001                       $9,919      5,000,000        0.00198

        Change During Year Ended December 31, 2002                $2,168      -0-              0.00043

Issued and Outstanding at December 31, 2002                      $12,087      5,000,000        0.00241

        Change During Year Ended December 31, 2003               ($7,482)     -0-             (0.00150)

Issued and Outstanding at December 31, 2003                       $4,605      5,000,000        0.00091

</TABLE>








    The Accompanying notes are an integral part of these financial statements


                                        5


<PAGE>

                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)

                          Notes to Financial Statements
                          -----------------------------
                     Years Ended December 31, 2002 and 2003
                     --------------------------------------



Background and Summary of Significant Accounting Policies

Background


The Monet Entertainment Group, Ltd. (the Company) was formed on September 20,
1996 for the purpose of engaging in two pursuits within the entertainment
industry which involve developing a unique "completion guarantee" to assure the
completion of selected projects and developing a financing program for full
length motion pictures:

     1. Completion bonding activities are associated with and a part of
commercial film production and other entertainment production activities. A
"completion bond" is a guarantee that should a film project goes over budget or
does not have sufficient capital to complete the film, the guarantor will
provide the additional capital needed to insure completion of the project. This
guarantee for small independent producers is unique in the entertainment
industry. At present completion bonding has been a requirement for medium and
large budget productions but generally unavailable for small producers. Lack of
availability of this or a similar financial product has resulted in secondary
producers having great difficulty in obtaining financing and has kept many
worthwhile projects from reaching theaters. It is anticipated that Monet's
completion bonds will be reinsured with companies with sufficient capital
resources to preclude the possibility that Monet will ever be at risk for
capital shortages in bonded projects.

     2. Financing feature length budget films will be accomplished through the
formation of a continuing series of joint ventures with independent filmmakers.
Plans include taking fractional interests in selected film projects, thus
spreading investor risk in the most advantageous manner. Project involvement
will be financed through joint-venture arrangements with individual investors
and small non-entertainment related companies.

Monet Entertainment Group, Ltd. is considered to be a Development Stage
Enterprise because planned principal operations have not commenced and there has
been no revenue therefrom. Income reported during this period was realized from
consulting fees paid to the Company for the efforts of Mr. Replin, President of
Monet Entertainment Group, Ltd. The income is incidental to the principal
business purpose of the Company.


                                       6
<PAGE>

                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)

                          Notes to Financial Statements
                          -----------------------------


Accounting Policies

The accompanying balance sheet is presented in the format prescribed for
development stage enterprises by Statement of Financial Accounting Standards No.
7 issued by the Financial Accounting Standards Board.

Investments The Company has exchanged shares of its common stock for shares of
Series C common stock of Energy Acquisition Companies, Inc.(Energy), a New York
Corporation.

The exchange, which was effective on October 7, 1996, (the date the Certificate
of Share Exchange was filed by the Colorado Secretary of State and by the New
York Department of State), resulted in the exchange of 115,531 shares of Energy
Acquisition Companies, Inc. Series C, Par Value $0.001 Common Stock for 500,000
shares of Monet Entertainment Group, Ltd. Common Stock

The 115,531 shares of Energy Acquisition Companies, Inc. common stock received
by Monet represents 9/10 of one percent of Energy's outstanding shares. The
500,000 shares of Monet common stock surrendered to Energy represents eleven
percent of the Company's outstanding common stock, and two percent of its
authorized stock.

Interest in Motion Picture During its initial operating period the Company
acquired an interest in a feature-length motion picture, tentatively entitled
Salvation. This interest was conveyed by Mr. Stephen Replin, President and
principal stockholder of Monet Entertainment Group, Ltd., in exchange for
2,295,000 shares of common stock.

Mr. Replin, in 1996, acquired a 25 percent interest in the film for $25,000. He
conveyed 20 percent of his interest in the film to Monet, thereby providing the
Company with a five percent ownership position.

When Monet Entertainment acquired its interest in the film in 1996 the film was
incomplete. As of December 31, 2002 the film has been completed for more than
four years. Management continues efforts to sell the film outright to a
distributor, however there are no prospects of a sale. An outright sale
contemplates a fixed price agreement in which the sellers do not retain rights
to share in the profits, is any, resulting from the distribution and promotion
of the film.


                                       7
<PAGE>
                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)

                          Notes to Financial Statements
                          -----------------------------


During the year ended December 31, 2003 management concluded that there is no
longer a realistic possibility of selling the film in the foreseeable future and
has elected to write off the cost of the investment. Monet retains its ownership
interest in the film.

Miscellaneous Income and Expense During the year ended December 31, 2003 the
Company earned miscellaneous consulting fees for work unrelated to its principal
business purpose and incurred expenses of an administrative nature, primarily
for professional services.

From inception through December 31, 2003 the Company has earned miscellaneous
and interest income totaling $8,346, and incurred operating expenses of $4,610
and has written of its investment of $5,000 in the motion picture, as described
above, and start up costs of $2,843, charged off in earlier periods.





                                       8

<PAGE>



ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

         Not applicable.

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS, COMPLIANCE
WITH SECTION 16(A) OF THE EXCHANGE ACT

       Name                          Age          Position
       -----                         ---          --------
       Stephen D. Replin             55            President and a Director

       Desiree Blum                  45            Director

Directors are elected at each annual general meeting and serve until their
successors have been elected. Officers are appointed by the board of directors
and serve at the pleasure of the board.

STEPHEN D. REPLIN has been an officer and director of the Company since its
inception in September 1996. From October 1988 through the present, Mr. Replin
has served as the President of Regatta Capital, Ltd. Mr. Replin has been an
asset-based lender in the state of Colorado since 1977. Mr. Replin received a
Bachelor of Science Degree in accounting from the University of Colorado in June
1969 and a Masters Degree in Business Administration, with distinction, from the
New York University Graduate School of Business in June 1971, majoring in
corporate finance and investments. Mr. Replin received his law degree from the
University of Denver College of Law in June 1976, and a Master of Law Degree
(LL.M) in taxation from the New York University School of Law in June 1977. Mr.
Replin is a certified public accountant, licensed in the state of Colorado.


DESIREE ANNA STOKES BLUM has been a director since January 2003. From 1995 -
To-Date, she has operated Blum Stokes LLC., dbf Escalante International Group,
Executive Officer, Denver, Colorado. 1991-1994, Escalante International Corp.,
Director, Product Development, Denver, Colorado . 1987 -1989, Miscellaneous
Consulting, British Entertainment Consortium, London, England. 1979 -1986,
Honeywell Europe Inc., Corporate Administrator, Aerospace and Defense, Brussels,
Belgium.




<PAGE>




ITEM 10. EXECUTIVE COMPENSATION

         The following table on discloses all compensation received by the
Company's President (the Company's Chief Executive Officer) during the three
years ending December 31, 2003. During this three-year period no executive
officer received annual salary and bonus payments from the Company in excess of
$100,000.
<TABLE>
<CAPTION>
                                   Annual Compensation                 Long Term Compensation
                               ---------------------------       ----------------------------------
                                                    Other                     Securities                  All
Name and                                           Annual        Restricted   Underlying                  Other
Principal                                          Compen-         Stock       Options/      LTIP        Compen-
Position              Year     Salary    Bonus      sation         Awards        SARs       Payouts       sation
---------             ----     ------    -----     -------       ----------   ----------    -------      -------
<S>                   <C>      <C>       <C>       <C>           <C>          <C>           <C>          <C>
Stephen Replin,       2003        --       --         --             --            --          --            --
President             2002        --       --         --             --            --          --            --
                      2001        --       --         --             --            --          --            --

</TABLE>

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

The following table shows the ownership of the Company's common stock by the
Company's officers and directors and by those persons known by the Company to be
the beneficial owners of more than 5% of the Company's common stock as of March
26, 2004. Unless otherwise indicated all shares are owned of record.


                                                            Percent of
Name and Address                      Shares Owned            Class
---------------                       ------------          ----------
Stephen D. Replin                      3,870,000(1)             77.4%
222 Milwaukee St.
Suite 304
Denver, CO 80206


Desiree Blum                                   0                   0%
222 Milwaukee St.
Suite 304
Denver, CO 80206


Chester Cedars
222 Milwaukee St.                        270,000                 5.4%
Suite 304
Denver, CO 80206

All Officers and Directors as
a Group (2 persons)                    3,870,000                77.4%

 (1)     Includes shares owned by various business entities controlled by Mr.
         Replin.

There are no arrangements known to the Company which may result in a change in
control of the Company.


ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

Since September 1996 Regatta Capital, Ltd. has provided office space, furniture,
and office equipment to the Company. Regatta Capital is controlled by Stephen
Replin, an officer and director of the Company. As of December 31, 2002 Regatta
Capital had not charged the Company for rent or any related costs or expenses.
It is not expected that Regatta Capital will charge the Company for rent or
other services until the Company begins to generate revenues.


ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits


      3.1     Articles and Bylaws(1)
     31.1     Rule 13a-14(a)/15d-14(a) - Certification of Chief Executive
              Officer. Filed herewith.
     31.2     Rule 13a-14(a)/15d-14(a)  - Certification of Chief Financial
              Officer. Filed herewith.
     32       Section 1350 Certification Pursuant to 18 U.S.C. Section 1350,
              as Adopted Pursuant to Section 906 of the SARBANES-OXLEY ACT
              of 2002. Filed herewith.



(1)  Incorporated by reference, and as same exhibit number, from the Company's
     Registration Statement on Form 10-SB (Commission File Number 0-27609).

(b)  The Company did not file any reports on Form 8-K during the quarter ending
     December 31, 2002.


Item 14.  Principal Accountant Fees And Services

Story and Company P.C., Certified Public Accountants, are the Company's
independent auditors to examine the financial statements of the Company for the
fiscal year ending December 31, 2003. Story and Company P.C. has performed the
following services and has been paid the following fees for these fiscal years.

Audit Fees
Story and Company P.C. was paid aggregate fees of $1,600 for the fiscal year
ended December 31, 2002 and $1,700 for the fiscal year ended December 31, 2003
for professional services rendered for the audit of the Company's annual
financial statements and for the reviews of the financial statements included in
Company's quarterly reports on Form 10QSB during these fiscal years.


Audit-Related Fees

Story and Company P.C. was not paid any additional fees for the fiscal years
ended December 31, 2002 and December 31, 2003 for assurance and related services
reasonably related to the performance of the audit or review of the Company's
financial statements.

Tax Fees

Story and Company P.C. was not paid any fees for the fiscal years ended December
31, 2002 and December 31, 2003 for professional services rendered for tax
compliance, tax advice and tax planning.

Other Fees
Story and Company P.C. was paid no other fees for professional services during
the fiscal years ended December 31, 2002 and December 31, 2003.





                                   SIGNATURES


     In accordance with Section 13 or 15(a) of the Exchange Act, the Registrant
has caused this Report to be signed on its behalf by the undersigned, thereunto
duly authorized on the 26th day of March, 2004.

                                       MONET ENTERTAINMENT GROUP, LTD.


                                       /s/ Stephen D. Replin
                                       -----------------------------------------
                                       Stephen D. Replin, President, Chief
                                       Executive Officer and Principal Financial
                                       Officer


              In accordance with the Exchange Act, this Report has been signed
by the following persons on behalf of the Registrant in the capacities and on
the dates indicated.

Signature                        Title                       Date
---------                        -----                       ----
/s/ Stephen D Replin
----------------------
Stephen Replin                 Director                  March 26, 2004


/s/ Desiree Blum
----------------------
Desiree Blum                   Director                  March 26, 2004



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